From left: National member for Italy and Eurojust vice-president Filippo Spiezia, national member for the Slovak Republic and Eurojust president Ladislav Hamran, and national member for Germany and Eurojust vice-president Klaus Meyer-Cabri. Eurojust
From left: National member for Italy and Eurojust vice-president Filippo Spiezia, national member for the Slovak Republic and Eurojust president Ladislav Hamran, and national member for Germany and Eurojust vice-president Klaus Meyer-Cabri. Eurojust
From left: National member for Italy and Eurojust vice-president Filippo Spiezia, national member for the Slovak Republic and Eurojust president Ladislav Hamran, and national member for Germany and Eurojust vice-president Klaus Meyer-Cabri. Eurojust
From left: National member for Italy and Eurojust vice-president Filippo Spiezia, national member for the Slovak Republic and Eurojust president Ladislav Hamran, and national member for Germany and Eu

Eurojust handled 8,800 crime and terrorism cases in 2020 – up 13 per cent despite the pandemic


Nicky Harley
  • English
  • Arabic

The EU's crime agency Eurojust recorded a 13 per cent increase in the number of crime and terrorism cases it dealt with last year, despite difficult working conditions during the coronavirus pandemic.

It handled more than 8,800 cases, froze criminal assets worth €1.9 billion ($2.25bn) and seized drugs worth €3bn.

The European Union Agency for Criminal Justice Co-operation assists nations with serious cross-border crimes and terrorism.

More than 2,200 people were arrested last year as the agency worked on 737 cases in France, 413 in the UK, 841 in Italy, 413 in Sweden and 119 in Ireland, among many others.

The President of the European Parliament's Committee on Civil Liberties, Justice and Home Affairs, Ladislav Hamran, said the agency faced difficult working conditions because of the pandemic.

“In 2020, the Covid-19 pandemic had us face the most significant and unpredictable challenges in decades,” he said.

“I am incredibly proud of the flexibility, resilience and determination that Eurojust has shown in the face of this crisis.

“Our operational support was never interrupted and our impressive results confirm that even under the most difficult circumstances, we are still able to make a real, tangible contribution towards a safer Europe.”

The agency reported a 16 per cent increase in terrorism cases last year and dealt with more than 90 requests for help in terrorism-related cases from EU member states.

Some of those involved the targeting of foreign terrorist fighters travelling to a conflict zone to join the ranks of a group or to undergo training.

Others focused on terrorist networks and cells involved in the recruitment, financing and facilitation of the travel or return of fighters.

In total, 164 cases were directly related to the pandemic, either regarding difficulties with the execution of European arrest warrants and European investigation orders because of border closures, or fraud related to coronavirus medical products, from the sale of masks to protective gels.

In one case, Eurojust froze the bank accounts of a criminal gang operating in France and Switzerland that had hacked the computer system of a hospital in the Czech Republic at the height of the pandemic.

It dealt with a number of major cases, from supporting the large-scale unravelling of EncroChat, a secret communications network used by criminals, to tackling human trafficking and drugs trade.

"I congratulate Eurojust for the determination it has shown in its mission and for stepping up its action in the midst of an unprecedented crisis," said European Commissioner for Justice Didier Reynders.

“I am aware that the latest months have put a strain on the functioning of the justice systems in the European Union. Justice will grow stronger after this crisis.

“Member states are increasing spending in the digitalisation of the justice systems and are joining forces to prevent cross-border crimes. Eurojust also plays a key role in this transition.”

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Charlotte Gainsbourg

Rest

(Because Music)

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

 

 

ENGLAND SQUAD

Goalkeepers Henderson, Johnstone, Pickford, Ramsdale

Defenders Alexander-Arnold, Chilwell, Coady, Godfrey, James, Maguire, Mings, Shaw, Stones, Trippier, Walker, White

Midfielders Bellingham, Henderson, Lingard, Mount, Phillips, Rice, Ward-Prowse

Forwards Calvert-Lewin, Foden, Grealish, Greenwood, Kane, Rashford, Saka, Sancho, Sterling, Watkins